Redeia Corp U/Adr (RDEIY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. We're starting our earnings call for 2025 and the new strategy plan for the period 2026-2029. We bid welcome to all attendants via telephone and our webpage. With us are Beatriz Corredor. chair of the board of directors, Roberto Garcia Merino, chief executive officer, and Emilio Cerezo, chief financial officer. I now give the floor to our chairwoman, Beatriz Corredor. Thank you very much, Sol, and good morning, everyone. First, I will start by highlighting the most notable events of 2025, and then our CEO, Roberto, will go deeper into the year's figures and discuss the close of the financial year. I will later refer to the environment in which the Board of REDEA brings this strategy plan And once more, Roberto will go into deeper detail on it. And as usual, we will conclude with a question and answer period to address any of your queries or concerns. So, as I said, let's get started with the 2025 highlights. From an operational viewpoint... we can say we've made great progress with a record of investments in TSO, exceeding 1.5 billion euros, or 40% more than in 2024. A record figure in our 41-year history, and it's almost a four-fold increase in the investment rate in nearly four years. This effort includes the $1.4 billion invested in the transmission network, with 486 extra kilometers of circuit and 217 new positions to strengthen the network and facilitate the country's industrial and productive development. Moreover, the availability index of the National Transmission Network operated by RevElectrica sits at 98.39%, exceeding 98.06% achieved during 2024. It is therefore clear that 2025 was a key year, also from the regulatory point of view, as the CNMC published the remuneration letters for the new regulatory period going from ...